QYOU Media closes $750,000 private placement

Executive Summary

• QYOU Media Inc. has completed its previously announced non-brokered private placement offering, issuing 25 million units for aggregate gross proceeds of $750,000.
• The offering includes related party subscriptions by directors, officers, and insiders totaling 3,334,000 units, exempt from formal valuation requirements under MI 61-101.
• Net proceeds are designated for the partial repayment of outstanding loans, payment of amounts due from the acquisition of subsidiary Chatterbox Technologies Ltd., and working capital.

Key Details

• Units Issued: 25,000,000 units.
• Price Per Unit: $0.03.
• Gross Proceeds: $750,000.
• Unit Composition: Each unit consists of one common share and three-quarters (0.75) of one common share purchase warrant.
• Warrant Terms (Primary): Each whole warrant entitles the holder to purchase one common share at $0.06 per share until September 12, 2027.
• Use of Proceeds:
  • Partial repayment of outstanding loans.
  • Partial payment of amounts due from the original acquisition of subsidiary Chatterbox Technologies Ltd.
  • Working capital and general corporate purposes.
• Finders' Fees:
  • Cash paid: $30,551.73.
  • Finders' warrants issued: To acquire up to 991,711 units.
  • Finder's Warrant Terms: Each entitles holder to acquire one unit (one common share + 0.75 warrant) at $0.05 per unit until September 12, 2027.
  • Underlying Warrant Terms: Entitles holder to acquire one common share at $0.06 per share until September 12, 2027.
• Related Party Participation:
  • Directors, officers, and insiders subscribed for 3,334,000 units.
  • Transaction exempt from formal valuation and minority approval under MI 61-101 and TSX-V Policy 5.9 because shares trade on TSX-V and consideration/fair market value does not exceed 25% of market capitalization.
  • No new insiders created; no change of control.
• Hold Period: All securities (including finders' warrants and underlying shares/warrants) subject to a four-month-plus-one-day hold period under Canadian securities laws.
• Regulatory Status: Subject to final approval of the TSX Venture Exchange.

Notable Quotes

• None provided in the text.